Wealth and Law

Brent chats with Rachel Sass about alternative ways to use family limited partnerships (FLPS) beyond gifting and estate tax planning. They discuss (1) preferred partnerships, (2) holding companies, (3) family business governance, (4) cross-border bridges, and (5) income tax basis planning. Rachel is an attorney at Rimon, P.C., and can be found here Rachel Sass – Rimon Law.

Brent chats with Doug Nelson about how financial planning is just like fly fishing. They analogize the two, including picking the correct fly, preparing your gear, and how to remain flexible in changing conditions. All these tools are essential for both activities, and Brent and Doug deliver the news with plenty of laughing and cajoling.

Brent chats with Alex Wells about how to start your new business. They discuss key issues like (1) deciding which business to start, (2) hiring great people, (3) creating good culture, and (4) scaling through marketing and business development. Alex Wells is the Co-Founder of Imprint Digital. Over the last 13 years, Alex has been building a stack of experience in diversified business leadership including digital marketing, sales, account management, strategic planning, employee management and development, training, communication, operations, and customer service. He launched professionally with Press-One Customer Care back in 2010. Alex managed relationships with multiple publications throughout the states to help them implement and optimize their marketing, advertising, sales, and customer service at a much lower cost than in-house solutions. This was on the tail end of the recession and the launch of the iPhone in 2007. Many print publications were struggling to balance budgets and keep up with the push to digital which is where he made his impact. In 2015 he decided to pursue digital marketing exclusively and accepted a role at a SaaS company. He started his role working directly with 100s of businesses to help them develop and scale their digital marketing strategies and reach their growth benchmarks. Alex quickly moved up to be a Director of Marketing where he managed a team of 45 digital marketing experts and was responsible for aiding the team to develop and execute successful marketing strategies. During his time there, the company grew from under 200 employees to just over 600.   Alex is also the co-founder of Grit Investments, a capital investment company in Northern Colorado.  The most important part of Alex is his life outside of work. Family and faith first. He has an amazing and successful wife Alyssa and a beautiful baby girl August. They live in Windsor, CO. They love their friends and family and the most important thing to them is relationships and helping people. You can find Alex here: https://imprint-digital.com/about/alex-wells/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Ronnie Deaver about how professionals can grow their business through intentional marketing and sales. Though these aren’t skills learned in professional school, Ronnie explains how they can be learned, the importance of sales, and scaling to meet your business goals. Ronnie is CEO of NoBull Marketing, a lawyer-exclusive marketing agency that specializes in generating leads and helping lawyers better convert more potential clients into paid retainers with Google My Business, Google Ads, and Sales Training. Ronnie can be found here: https://nobullmarketing.co/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Now what happens? After the 2022 election split control of Congress, what’s next? Brent chats about possible tax law changes, what to anticipate, and where the most change is likely to happen before 2024. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Rachel Sass about how to close out 2022 and make 2023 a success. They discuss 401(k) and IRA contributions, charitable giving, loss harvesting, and talking about money and finances with family. Rachel Sass is an experienced estate and tax planning attorney in Arizona.  Ms. Sass has helped clients throughout Arizona establish their individualized estate plans to ensure peace of mind for their families. Her practice is concentrated in estate and tax planning, probate and trust administration, guardianship and conservatorship matters, and business law.  Ms. Sass is well-versed and enjoys helping her clients prepare estate plans in a wide variety of circumstances, from simple plans to complex plans for high net worth individuals and families.  She understands that the big picture must be looked at for long-term planning—including assisting business owners with developing succession plans, incorporating established charitable giving plans into an estate plan, and creating lasting family structures for generational wealth. Ms. Sass is committed to helping her clients create a straightforward estate plan for their loved ones, plan for potential incapacity, understand and plan for federal estate and gift tax, and establish their legacies. She is a distinguished speaker on estate planning.  Ms. Sass appears regularly as a guest on the popular Wealth & Law Podcast, and frequently speaks and writes on estate and tax developments. Ms. Sass is a Tucson-native and double Wildcat.  She graduated summa cum laude and with honors from the University of Arizona in 2013 with her bachelor’s in political science, and later graduated cum laude from the University of Arizona, James E. Rogers College of Law in 2018.  Rachel additionally graduated in 2021 from the Greater Tucson Leadership program.  She is a former Miss Arizona United States and enjoys serving her local community.  In her spare time, she and her husband and can be found hiking around Southern Arizona with their son and three dogs. You can find Rachel here: https://www.rimonlaw.com/team/rachel-sass/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

This week’s episode is a rewind of a popular conversation Brent had with Rachel Sass about planning for vacation homes. With so many people traveling for the holidays, this conversation reminds of the hazards and opportunities available when leaving a vacation home to family. Rachel Sass is an experienced estate and tax planning attorney in Arizona.  Ms. Sass has helped clients throughout Arizona establish their individualized estate plans to ensure peace of mind for their families. Her practice is concentrated in estate and tax planning, probate and trust administration, guardianship and conservatorship matters, and business law.  Ms. Sass is well-versed and enjoys helping her clients prepare estate plans in a wide variety of circumstances, from simple plans to complex plans for high net worth individuals and families.  She understands that the big picture must be looked at for long-term planning—including assisting business owners with developing succession plans, incorporating established charitable giving plans into an estate plan, and creating lasting family structures for generational wealth. Ms. Sass is committed to helping her clients create a straightforward estate plan for their loved ones, plan for potential incapacity, understand and plan for federal estate and gift tax, and establish their legacies. She is a distinguished speaker on estate planning.  Ms. Sass appears regularly as a guest on the popular Wealth & Law Podcast, and frequently speaks and writes on estate and tax developments. Ms. Sass is a Tucson-native and double Wildcat.  She graduated summa cum laude and with honors from the University of Arizona in 2013 with her bachelor’s in political science, and later graduated cum laude from the University of Arizona, James E. Rogers College of Law in 2018.  Rachel additionally graduated in 2021 from the Greater Tucson Leadership program.  She is a former Miss Arizona United States and enjoys serving her local community.  In her spare time, she and her husband and can be found hiking around Southern Arizona with their son and three dogs. You can find Rachel here: https://www.rimonlaw.com/team/rachel-sass/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Jonathon Morrison about how to optimize charitable lead annuity trusts. They talk about the mechanics, running the numbers, and the many tax benefits for charitable clients. A senior partner and Best Lawyers® honoree, Jonathon Morrison’s practice is focused on tax, business and estate planning for clients with large or complex estates. Jonathon Morrison is licensed in both Arizona and California and is a Certified Specialist in Estate Planning, Trust and Probate Law in California. After a decade practicing with preeminent estate planning law firms in Silicon Valley, Jonathon gained a mastery of virtually every estate and tax planning strategy in existence. With his unique background, Jonathon enjoys a reputation for developing advanced estate planning solutions for high income and high net worth clients whose objectives include income tax and estate tax minimization, charitable and philanthropic giving, business exit and succession planning, and asset protection. Jonathon is also a frequent speaker and nationally recognized expert with respect to a specific type of charitable vehicle: the “charitable lead annuity trust” (CLAT). Jonathon is routinely engaged by clients, advisors and attorneys around the country to implement and provide advice with respect to CLAT planning. Before relocating to his hometown of Phoenix in 2015 to raise children near his family, Jonathon worked with Silicon Valley’s two largest estate planning law firms – most notably, the personal tax planning group associated with the preeminent venture capital law firm, Wilson Sonsini, which led IPOs for virtually every major Silicon Valley-based company, including Apple, Google, Amazon, Tesla, Twitter, LinkedIn, Netflix, Pandora, and GoDaddy. During this time, Jonathon served as a trusted advisor to hundreds of the wealthiest individuals in the world, including founders, C-level executives, “Midas List” venture capitalists, and angel investors associated with many of the top tech companies. Equipped with sophisticated tax and estate planning knowledge that is unique to the Arizona legal community, Jonathon quickly distinguished himself after his return to the Valley as one of the Phoenix area’s premier tax and estate planners. Jonathon can be found here https://www.frgalaw.com/attorneys/morrison If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Bessi Graham about how businesses can provide meaningful change in the world while making a profit. They discuss finding meaning, working with intention, and building teams around your vision. Bessi is the co-founder of Benefit Capital and The Difference Incubator (TDi).  As an investor, entrepreneur, business owner, company director, speaker and writer, Bessi’s passion for using business as an agent for change is internationally recognised.  For the past 20 years she has focused on unlocking capital to deliver positive social and environmental outcomes in Australia and the Pacific.  Recognised by the Australian Government with a ministerial appointment to the Committee for the Accelerating Commercialisation and Incubator Support Initiatives (Department of Industry, Innovation and Science); and advisory roles to the Department of Foreign Affairs and Trade (DFAT) for the Emerging Markets Impact Investment Fund (EMIIF) and Pacific RISE. Bessi was also the architect of the first investment readiness fund for the impact investment space in Australia – now run by Impact Investment Australia (IIA) as the Growth Grant.  Bessi has a background in management consulting and training, was a Teaching Fellow at the University of Melbourne, is a graduate of the Harvard Kennedy School and the Australian Institute of Company Directors. Bessi was a finalist in the 2017 Telstra Business Women’s Awards. Bessi can be found here: https://bessigraham.com/ and https://benefit.capital/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with John Briggs about how companies can grow in a smart way. They discuss cash flow management, paying yourself, hiring, and how to build effective teams. John is the CEO and Founder of Incite Tax and the author of Profit First For Microgyms. His theme is, “The IRS Sucks”, and business owners should keep more of their money to build long-term wealth. He has build an amazing team of Nontraditional accountants to help combat the IRS bullying. Through his 12+ years of Entrepreneurship he has learned that achieving a highly profitable business can be overwhelming, particularly with all the barriers and unknowns that new owners are forced to deal with. Entrepreneurs can quickly become stressed and burnt out, and often sadly give up on the mission that they set out for. In much the same way that the body needs blood to survive, a business needs cash, the lifeblood of the business, to stay healthy and to grow more resilient. John can be found at https://incitetax.com/ and https://incitetax.com/about-the-team/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.